Jump Crypto Under Investigation by the SEC for Alleged Involvement With Do Kwon, Which Resulted in Over $1 Billion in Profit
Jump Crypto, a division of the Jump Trading group, is being investigated by the SEC for its alleged involvement in an arrangement with former Terraform Labs CEO Do Kwon. The SEC deposed Jump Crypto president Kanav Kariya, who invoked the fifth amendment and declined to answer questions about the firm's agreement to restore Terra USD's peg to the U.S. dollar. Jump Crypto was reportedly the unidentified trading firm mentioned in the SEC's indictment against Terraform Labs and Do Kwon, and allegedly made over $1 billion in profit from the deal.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Jump Crypto Under Investigation by the SEC for Alleged Involvement With Do Kwon, Which Resulted in Over $1 Billion in Profit
Jump Crypto, a division of the Jump Trading group, is being investigated by the SEC for its alleged involvement in an arrangement with former Terraform Labs CEO Do Kwon. The SEC deposed Jump Crypto president Kanav Kariya, who invoked the fifth amendment and declined to answer questions about the firm's agreement to restore Terra USD's peg to the U.S. dollar. Jump Crypto was reportedly the unidentified trading firm mentioned in the SEC's indictment against Terraform Labs and Do Kwon, and allegedly made over $1 billion in profit from the deal.